Thailand Central Bank Tightens Scrutiny of FX Inflows After Baht’s Rapid Strength
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Vitai Ratanakorn, governor of the Bank of Thailand.Thailand’s central bank ordered stricter checks on foreign-exchange transactions involving dollar sales, especially those related to gold, to curb inflows after the baht’s rapid gains this month. “We will tighten scrutiny of dollar-selling transactions to prevent undesirable or non-business related funds from entering the country,” Governor Vitai Ratanakorn said in a statement on Tuesday. “Commercial banks will be required to closely monitor FX inflows.”